The Cambridge City Council (CCC) has issued a tender to develop proposals for the Civic Quarter in Cambridge City, UK.

A consortium specializing in development consultancy is sought, specifically requiring an adept commercial advisor with expertise in development viability, retail, office, hospitality, and event space assessment and financing. The project's current focus involves the procurement of two lots:

• Lot 1 encompasses the Guildhall, Market Square, and Corn Exchange;
• Lot 2 comprises the Guildhall and Market Square.

The contract will be awarded for one lot only. The development consultancy consortium is anticipated to formulate proposals for the Civic Quarter, encompassing options appraisals and viability assessments, project funding, investment structure, income, expenditure, and capital considerations. Additionally, the consortium is expected to provide design proposals up to RIBA 2 standards and devise strategies to optimize commercial usage, including offices and civic functions for the Guildhall, a music venue for the Corn Exchange, and the Market. The evaluation and options appraisal will also entail a review of long-term operating costs.

The deadline to submit tender is March 21, 2024. Additional details regarding this tender can be accessed through our Business Opportunity page here.